Prescott Group Capital Management L.L.C. Has $242,000 Stock Holdings in Matrix Service (NASDAQ:MTRX)

Prescott Group Capital Management L.L.C. lessened its stake in shares of Matrix Service (NASDAQ:MTRX - Free Report) by 84.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 20,200 shares of the company's stock after selling 109,804 shares during the quarter. Prescott Group Capital Management L.L.C. owned about 0.07% of Matrix Service worth $242,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Rhumbline Advisers raised its stake in shares of Matrix Service by 2.7% in the 4th quarter. Rhumbline Advisers now owns 39,725 shares of the company's stock worth $475,000 after buying an additional 1,028 shares in the last quarter. Verition Fund Management LLC grew its stake in shares of Matrix Service by 5.8% in the 3rd quarter. Verition Fund Management LLC now owns 22,639 shares of the company's stock worth $261,000 after purchasing an additional 1,239 shares during the last quarter. Dynamic Technology Lab Private Ltd raised its holdings in shares of Matrix Service by 2.9% in the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 56,498 shares of the company's stock worth $651,000 after purchasing an additional 1,573 shares in the last quarter. SG Americas Securities LLC raised its holdings in shares of Matrix Service by 18.4% in the 4th quarter. SG Americas Securities LLC now owns 11,123 shares of the company's stock worth $133,000 after purchasing an additional 1,731 shares in the last quarter. Finally, Money Concepts Capital Corp boosted its holdings in Matrix Service by 1.7% during the fourth quarter. Money Concepts Capital Corp now owns 108,057 shares of the company's stock worth $1,293,000 after buying an additional 1,790 shares in the last quarter. Institutional investors own 78.38% of the company's stock.

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Matrix Service Stock Down 1.9 %

Shares of Matrix Service stock traded down $0.22 during trading on Monday, hitting $11.56. The stock had a trading volume of 78,814 shares, compared to its average volume of 205,616. The company has a market capitalization of $319.19 million, a PE ratio of -9.55 and a beta of 1.11. Matrix Service has a 1 year low of $8.61 and a 1 year high of $15.75. The stock has a 50 day simple moving average of $13.59 and a 200 day simple moving average of $12.36.

Matrix Service (NASDAQ:MTRX - Get Free Report) last issued its earnings results on Wednesday, February 5th. The company reported ($0.20) earnings per share for the quarter, beating analysts' consensus estimates of ($0.22) by $0.02. Matrix Service had a negative return on equity of 20.81% and a negative net margin of 4.76%. As a group, equities analysts expect that Matrix Service will post -0.26 earnings per share for the current fiscal year.

Analysts Set New Price Targets

MTRX has been the topic of several research reports. DA Davidson upped their price target on Matrix Service from $18.00 to $20.00 and gave the company a "buy" rating in a report on Tuesday, February 11th. StockNews.com lowered Matrix Service from a "strong-buy" rating to a "buy" rating in a research report on Friday, February 14th.

About Matrix Service

Matrix Service Company provides engineering, fabrication, construction, and maintenance services to support critical energy infrastructure and industrial markets in the United States, Canada, and internationally. It operates through three segments: Utility and Power Infrastructure; Process and Industrial Facilities; and Storage and Terminal Solutions.